Columbia Sportswear (COLM) Tops Q1 EPS by 17c, Offers Guidance
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Columbia Sportswear Company Reports First Quarter 2022 Financial Results and Updates Full Year 2022 Financial Outlook; Announces $500 Million Increase to Stock Repurchase Authorization
April 28, 2022 4:05 PM EDTFirst Quarter 2022 Highlights
Net sales increased 22 percent to a record $761.5 million, compared to first quarter 2021. Operating income increased 19 percent to $83.7 million, or 11.0 percent of net sales, compared to first quarter 2021 operating income of $70.5 million, or 11.3 percent of net sales. Diluted earnings per share increased 23 percent to $1.03, compared to first quarter 2021 diluted earnings per share of $0.84. The Company repurchased $217.3 million of common stock during the first quarter. On April 22, 2022, the Board of Directors approved a $500 million increase to the Company's share repurchase authorization.Full Year... More
